Home Loans for Optometrists 

✅Qualify for a home loan up to 90% of purchasing price.

✅Waive Lenders Mortgage Insurance - save between $10,000 & $35,000.

✅Build a property portfolio using the benefits of waived LMI & increased borrowing capacity.

✅New to industry get flexible approval.

Why do some lenders waive LMI for Optometrists?

✅LMI is there to protect the banks against you defaulting on your home loan repayments.

✅Optometrists and other medical professionals have some of the lowest default rates in the market.  Banks therefore will compete for their business by offering waived LMI & discounts on home loan packages and interest rates.

✅Speak to your mortgage broker to know what's out there.  Mortgage Broker Revesby will walk you through these lenders.  No fee service.  It's wise to ask.

Do I qualify for an Optometrist Home Loan?

✅Must be an Australian Citizen or permanent resident.

✅Max Loan amount is $2,000,000.

✅Must be registered with the Australian Health Practitioner Regulatory Agency (AHPRA).

✅Member of the Optometrists Association of Australia (OAA).

✅Must be owner occupied property or purchased as an investment.

✅Must be an optometrist or ophthalmologist.

Rogers Scenario

Roger has been an optometrist in Bankstown, Sydney for 7 years.  He wants to buy his first investment property, but does not have the deposit.

✅Roger has plenty of equity in his home in Bexley.  We topped up his home loan to 90% - the point where he still pays no Lenders Mortgage Insurance.  This released funds for the deposit and purchasing costs.

✅His current home had $325,000 debt and the investment property has $900,000 debt.  Roger is well beneath the $2,000,000 limit for both loans - to avoid LMI.  

✅We could source Roger a specialist home loan for optometrists, which gave him special package discounts, fixed rate offers with package features like offset and redraw.

✅Roger is taking advantage of the LMI waiver for his profession.  This helps him accumulate properties with less money and build a portfolio for his retirement.  Roger is now well on his way to financial freedom.

✅Roger is able to borrow significantly more than the regular public.  Higher borrowing capacity & waived LMI makes for a lucrative career in property.

Can I fund my Optometrists clinic?

Yes.  Must have 2 years tax returns & a business plan to start the process.

✅Complete fit-out cost

✅All equipment

Next step

✅Contact Mortgage Broker Revesby and we'll walk you through the process and do the heavy lifting on your behalf.

✅Talk to us about waived LMI and property investing.

I'm here if you need me.
No fee service - end to end. It's wise to ask.

Matthew Stack

matthew@mortgagebrokerrevesby.com.au
www.mortgagebrokerrevesby.com.au
0423 237 242

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